After two years of waiting, flamboyant Spanish point guard Ricky Rubio(notes) has agreed to join the Minnesota Timberwolves for the 2011-’12 season, league sources told Yahoo! Sports on Wednesday night.

Rubio reached a deal on Tuesday, sources said.

Rubio, the fifth pick in the 2009 NBA draft, has been playing for Regal Barcelona of the Spanish ACB League for the past two seasons. It’s likely that the deal won’t be announced until Rubio, 20, finishes his season in the Euroleague playoffs later this month.